We are happy to announce that M Boyang Ltd is the newest addition to the Baumarine Panamax pool

From left: Head of Pool Management Hans Næss Olstad, President of M Boyang Ltd Ilho Kim, President of Trans Pac Inc., IIhae Kim and Head of Dry Bulk Niels Josefsen

Klaveness is pleased to welcome Boyang Ltd as a pool member in the Baumarine Panamax pool with their vessel MV Boyang Garnet.

Boyang Limited is a well reputable family owned company based in Seoul, who is now expanding from their traditional reefer business into dry bulk through acquisition of the 2007 built Panamax.

“We know Klaveness to be a reputable Manager from our reefer business and joining the pool will play an important role in growing our dry bulk business”

President of M Boyang Ltd Ilho Kim

President of Boyang Ltd, Ilho Kim signing the agreement

Head of Pool Management Hans Næss Olstad explained “We see that an increasing number of customers see great value in having a robust cash flow and good market coverage in a volatile market”

With Boyang Ltd entering a new business segment, these factors along with access to the Klaveness deal-flow and market information will be essential when expanding their traditional reefer business into dry bulk. This is secured as the ship is traded by the Klaveness offices in Oslo, Shanghai and Singapore. Niels Josefsen, Head of Dry Bulk said, “we are honoured to work with the Boyang team in Seoul and Busan and are excited to be in the Korean market with a player that shares our vision”.

The MV Boyang Garnet will be joining the Baumarine Panamax pool in October.

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